India's Modi government takes steps to control inflation

Discussion in 'Economy & Infrastructure' started by pmaitra, Jun 18, 2014.

  1. pmaitra

    pmaitra Moderator Moderator

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    India's Modi government takes steps to control inflation

    BY RAJESH KUMAR SINGH AND ADITI SHAH
    NEW DELHI Tue Jun 17, 2014 3:27pm EDT

    (Editing by Sonya Hepinstall)

    Source: India's Modi government takes steps to control inflation | Reuters
     
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  3. Ray

    Ray The Chairman Defence Professionals Moderator

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    It is unfortunate that the prices are on the rise again.

    The only saving grace is that we are being informed of what actions are being taken and by who.

    It is a good step that the farmers may no longer have to trade through APMC.

    And the states , if faced with a crisis, will be released funds to buy the commodity. The onus which was earlier also on the State will now have to be accountable to their citizenry since the option has been enunciated clearly.
     
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  4. sob

    sob Moderator Moderator

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    The line of credit to the states is an important step as it will help the state government to act fast and they can target the commodity pinching the most.
     

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